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HomeMy WebLinkAboutConfirming Tax Abatement - 936 Notre Dame Ave. - Ani AprahamianRESOLUTION 3607-06 Passed by the Common Council of the City of South Bend, Indiana June 26, Attest: 06 20 City Clerk President of Common Council Presented by me to the Mayor of the City of South Bend, Indiana June 27, 20 06 Approved and signed by me June 2 9 , 20 0 6 City Clerk RESOLUTION NO. ~ ~ 0 7 -0~ A RESOLUTION CONFIRMING THE ADOPTION OF A DECLARATORY RESOLUTION DESIGNATING CERTAIN AREAS WITHIN THE CITY OF SOUTH BEND, INDIANA, COMMONLY KNOWN AS 936 NOTRE DAME AVENUE AS RESIDENTIALLY DISTRESSED AREAS FOR PURPOSES OF A FIVE (5) YEAR RESIDENTIAL REAL PROPERTY TAX ABATEMENT FOR ANI APRAHAMIAN WHEREAS, the Common Council of the City of South Bend, Indiana, has adopted a Declaratory Resolution designating certain areas within the City as Residentially Distressed Areas for the purpose of tax abatement consideration; and WHEREAS, a Declaratory Resolution designated the area commonly known as 936 Notre Dame Avenue, South Bend, Indiana, and which is more particularly described as follows: Numbered One (1) as shown on the recorded Plat of Notre Dame Howard Street Minor Subdivision, recorded September 6, 2005 as Document Number 0540965 in the Office of the Recorder of St. Joseph County, Indiana and this property has Tax Key Numbers 018-5106-3713, 018-5106-3714, and 018-5106-3715, be designated as a Residentially Distressed Area under the provisions of Indiana Code 6-1.1-12.1 et sea., and South Bend Municipal Code Sections 2-76 et seq., and; WHEREAS, notice of the adoption of a Declaratory Resolution and the public hearing before the Council has been published pursuant to Indiana Code 6-1.1-12.1-2.5; and WHEREAS, the Council held a public hearing for the purposes of hearing all remonstrances and objections from interested persons; and WHEREAS, the Council has determined that the qualifications for a residentially distressed area have been met. NOW, THEREFORE, BE IT RESOLVED by the Common Council of the City of South Bend, Indiana, as follows: SECTION I. The Common Council hereby determines and finds that the petition for real property tax abatement and the Statement of Benefits form meet the requirements of Indiana Code 6-1.1-12.1 et sea., for tax abatement. SECTION II. The Common Council hereby determines and finds that the area meets one of the following conditions as formally established in Ordinance no. 8845-97, which was passed on December 8, 1997: A. The area is comprised of parcels that are either unimproved or contain only one (1) or two (2) family dwellings designed for up to four (4) families, including accessory buildings for those dwellings; or B. Any dwellings in the area are not permanently occupied and are: i. the subject of an order issued under IC 36-7-9; or ii. evidencing significant building deficiencies; or C. Parcels of property in the area: i. have been sold and not redeemed under IC 6-1.1-24 and IC 6-1.1-25; or ii. are owned by a unit of local government; or D. A significant number of dwelling units within the area are not permanently occupied or a significant number of parcels in the area are vacant land; or E. A significant number of dwelling units within the area are: i. the subject of an order issued under IC 36-7-9; or ii. evidencing significant building deficiencies; or F. The area has experienced a net loss in the number of dwelling units, as documented by census information, local building and demolition permits, or certificates of occupancy, or the areas are owned by Indiana or the United States; or G. The area (plus any areas previously designated under this subsection) will not exceed ten percent (10%) of the total area within the Council's jurisdiction. SECTION III. The Common Council also hereby determines and finds the following: A. That the description of the proposed redevelopment meets the applicable standards for such development. B. That the estimate of the value of the redevelopment is reasonable for projects of this nature; C. That the other benefits about which information was requested are benefits that can be reasonably expected to result from the proposed described redevelopment; and D. That the totality of benefits is sufficient to justify the requested deduction, all of which satisfy the requirements of Indiana Code 6-1.1-12.1-3. E. The deduction will not be allowed unless the dwelling is rehabilitated to meet local code standards for habitability. F. The deduction will not be allowed unless the dwelling rehabilitation is completed within five (5) calendar years from the date of the adoption of this Resolution by the Common Council. SECTION IV. The Common Council hereby confirms its Declaratory Resolution designating the area described herein as a Residentially Distressed Area for the purposes of tax abatement. Such designation is for Real property tax abatement only and is limited to five (5) calendar years from the date of adoption of the Declaratory Resolution by the Common Council. 2 SECTION V. The Common Council hereby determines that the property owner is qualified for and is granted Real property tax deduction for a period of five (5) years, and further determines that the petition complies with Chapter 2, Article 6, of the Municipal Code of the City of South Bend and Indiana Code 6-1.1-12.1 et seq. SECTION VI. This Resolution shall be in full force and effect from and after its adoption by the Common Council and approval by the Mayor. Member of the on Council NOT APPROVED ~pOPTER ' ~p -Z~n-OHO Fiied in Cierk's Office JUPJ - 2 ~~lo JOHN YOORDE CITY CLERIC, S0.8£ND, fN. 1200 COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOLTIII BEND, INDIANA 46601-1830 I'xoNE 574/ 235-9371 FAx 574/235-9021 TDD 574/235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY ~ ECONOMIC DEVELOPMENT SHARON T. KENDALL EXECUTIVE DIRECTOR June 2, 2006 Council Member Roland Kelly, Chairperson Community & Economic Development Committee South Bend Common Council 4th Floor, County City Building South Bend, IN 46601 RE: Residential Real Property Tax Abatement Petition for: Ani Aprahamian Dear Council Member Kelly: Please find attached the Department of Community & Economic Development's report on a residential real property tax abatement petition for Ani Aprahamian to build a single family house at 936 Notre Dame Avenue. Also attached is a copy of the petition, Statement of Benefits form and supporting information. The report contains the department's findings relative to the above petition. The petitioner proposes to build a single family house at a cost of $454,000. The project meets the qualifications for five (5) year real property tax abatement. The petitioner will be available to meet with the Committee on Monday, June ~, 2006. ~t Should you or any of the other Council members have any questions concerning the report or need additional information, please feel free to call me at 235-5825. Sincerely, ~~ n Bob Mathia Assistant Director, Economic Development Attachments cc: South Bend Common Council Members Mayor Stephen Luecke Sharon Kendall Don Inks COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINA*N,C.IA.L HC PROGRAM PAMELA C. MEYER DONALD E. INKS ° AGEMENT 5741235-9660 574/235-9371 EL~zaEErtt LEONARD Fax: 574/235-9697 574/235-9371 I20() COUNTY-CITY BUILDING 227 W. JEFFERSON BOULEVARD SOUTH BEND, INDLgNa 46601-1830 PHONE 574/235-9371 Fax 574/235-9021 TDD 574/ 235-5567 CITY OF SOUTH BEND STEPHEN J. LUECKE, MAYOR COMMUNITY ~ ECONOMIC DEVELOPMENT SHARON T. KENDALL EXECUTIVE DIRECTOR TAX ABATEMENT REPOR T TO: SOUTH BEND COMMON COUNCIL FROM: ROBERT MATHIA SUBJECT: RESIDENTIAL REAL PROPERTY TAX ABATEMENT PETITION FOR: ANI APRAHAMIAN DATE: June 2, 2006 On June 1, 2006, 2006, a petition for residential tax abatement consideration for real properties located at 936 Notre Dame Avenue was filed with the City Clerk by Ani Aprahamian. Pursuant to Chapter 2, Article 6, Section 2-77 of the Municipal Code of the City of South Bend, this petition was referred to the Department of Community and Economic Development for purposes of investigation and preparation of a report determining whether the area qualifies as a Residentially Distressed Area pursuant to I.C.6-1.1-12.1 and whether all zoning requirements have been met. The Department of Community and Economic Development has reviewed the petition (a copy of which is attached), investigated the area and makes the following report. PROJECT DESCRIPTION Ani Aprahamian is preparing to build a new home on the property listed above. The home will be approximately 3,000 square feet. It will have a living room, dining room, four bedrooms and 5 bathrooms. It will also have a two car garage. The cost of the home will be approximately $450,000. Dr. Aprahamian plans to complete construction of the home by the June of 2007. COMMUNITY DEVELOPMENT ECONOMIC DEVELOPMENT FINANCIAL SL PROGRAM PAMELA C. MEYER DONALD E. INKS MANAGEMENT 574/235-9660 574/235-9371 EL1zAeETtt LEONARD EAX: 574/235-9697 574/235-9371 South Bend Common Council RE: Ani Aprahamian June 2, 2006 Page 2 ABATEMENT QUALIFICATION 1. A review of the tax abatements previously granted finds that Ani Aprahamian has not been associated with any previous tax abatements: 2. The building commissioner has reviewed this petition and finds the properties to be properly zoned for the proposed project. 3. A review of the South Bend Redevelopment designation areas finds that the property is located in the Northeast Neighborhood Development Area, which is a Tax Increment Allocation Area; therefore, the petition for real property tax abatement must first be approved by the South Bend Redevelopment Commission. 4. A review of the Tax Abatement Ordinance no. 8065-90, as amended by Ordinance No. 8854-97, finds that the petitioner meets the qualifications for a five year residential tax abatement under Section 2-77.1 (Single Family Real Property Abatement). 5 YEAR 2-Jun-06 ANI APRAHAMIAN South Bend Portage Township Residential Real Property Tax Abatement Schedule* Estimated Project Cost Assessed Value: STRUCTURE (assume 85% of project cost): LAND (assume $10,000): Gross Assessed Value: Less Mortgage Exemption: Less Standard Homeowners Deduction: Base Assessed Value: $450,000.00 Total Taxes Tax Abated** Tax Paid*** 382,500.00 382,500.00 382,500.00 10.000.00 N/A N/A 392,500.00 382,500.00 382,500.00 (3,000.00) (3,000.00) (3,000.00) (35,000.00) (35,000.00) (35,000.00) 354,500.00 344,500.00 344,500.00 Base Assessed Value: Less Maximum Abatement Deduction Less Non-Abated Amount: Plus Land Assessed Value: Net Assessed Value: Property Taxes: Assume constant tax rate of: 354,500.00 344,500.00 344,500.00 N/A N/A ($74,600.00) N/A (269,900.00) N/A N/A N/A 10,000.00 354,500.00 74,600.00 279,900.00 4.89060% 4.89060% 4.89060% Gross Tax (tax rate x net assessed value): 17,337.18 3,648.39 13,688.79 Less SRTC (21.6113%): (3,746.79) (788.46) (2,958.33) Less Homestead Credit (24.3982%): (3,315.81) (697.77) (2,618.04) Net Tax: 10.274.58 2.162.16 8.112.42 Net Assessed Total Year Value Taxes Due Tax Abated Tax Paid 1 354,500.00 10,274.58 2,162.16 8,112.42 2 354,500.00 10,274.58 2,162.16 8,112.42 3 354,500.00 10,274.58 2,162.16 8,112.42 4 354,500.00 10,274.58 2,162.16 8,112.42 5 354, 500.00 10,274.58 2,162.16 8,112.42 5 year totals: 51,372.90 10,810.80 40,562.10 *This schedule is for estimation purposes only and assumes constant tax rates. The true tax values will ultimately be determined by the actual assessed valuation and the then current tax rates. **Tax Abated is capped at $74,600 of assessed value of structures only and does not include land assessed value. ***Tax Paid is calculated using the difference between actual assessed value of structure and maximum abated portion of $74,600 and adding back the land assessed value. CITY OF SOUTH BEND, INDIANA PETITION FOR RESIDENTIAL TAX ABATEMENT CONSIDERATION The undersigned owner(s) of real property, located within the City of South Bend, hereby petition the Common Council of the City of South Bend for Residential Real Property tax abatement consideration and pursuant to I.C., 6-1.1-12.1-1, et sea., and South Bend Municipal Code Sec. 2-76 et sea.., for this petition states the following: 1. Describe the proposed construction project, including information about square footage, numbers of rooms, amenities, the amount of land to be used, the proposed use of the improvements, and a general statement as to the importance of the project (use additional sheet for project description if necessary): ~ t~,4?~rf.Pnl1.134~5 r I I/lil//~ , - Nun//: ~ ~Jl'"-~~~ 2. Estimate the dollar value of the construction project (do not include land cost): $ ~ ~()~ DO(~, 0~ 3. The real property for which tax abatement consideration is petitioned (Property) is owned or to be owned by the following individual(s) or corporations (ifthe business organization is publicly held, indicate also the name of the corporate parent, if any, and the name under which the corporation has filed with the Securities and Exchange Commission): Interest 4. The commonly known address of the Property is: 13 ~O No ~c ~ y~/~,u~t, and having tax key no.: _ _ use ditional sheet for multiple addresses). r3 ~~8 -s~o~-3 ~s 5. A legal description of said Property(s) is attached hereto marked Exhibit "A" and is incorporated herein. 6. A map and/or plat indicating the location of the Property(s) is attached hereto, marked Exhibit "B" and is incorporated herein. 7. The current assessed valuation of the property before construction is $ 32,;'00 (use additional sheet for multiple addresses). 8. Photogra hs of the Property, taken within two (2) weeks of the filing of this petition, are attached hereto, marke Exhibit "C", and incorporated herein. List the real property taxes paid at the location during the previous two years, whether paid by the current owner or a previous owner (use additional sheet for multiple addresses): 1<IO ~I L-'~ 10. What is your best estimate ofthe after completion market value of the property: $ ~,~,~,~~.~ ,~~'OQ,c70p 1 ~1. No building permit has been issued for construction on the property in connection with the improvement in question as of the date of filing of this petition. The building permit may be issued after the South Bend Common Council has approved the Declaratory Resolution. (Tax abatement is not available if a building permit has already been issued). The signature below is verification of this statement. 12. List other anticipated public financing for the project, including any assistance to be sought or already authorized through the United States Department of Housing and Urban Development funds from the City of South Bend, South Bend Housing Authority, Housing Assistance Office, St. Joseph County Housing Consortium or other public financial assistance, including but not limited to public works improvements: nln 1v ~ _ 13. Describe how the property has become undesirable for or impossible of normal development because of a lack of development, cessation of growth, deterioration of improvements or other factors which have impaired values and prevent a normal development of the property: - , C .~ ° ~ ', 14. The current use of the property is /Vp ~ ~ ~ P~/V ~i E L ~ and the current zoning is ~~' ? (use) and ~_ (height and area). ct~,r,~, ~~ 0 0 .f~: 15. The property is located in the following Allocation Area (if any) declared and confirmed by the South Bend Redevelopment Commission (requiring approval of the tax abatement by the Redevelopment Commission): 16. The following person should be contacted as the petitioners agent regarding additional information and public hearing notifications: Name Address City, State, Zip Telephone _ WHEREFORE, Petitioner has paid the required fee of $50.00 and requests that the Common Council of the City of South Bend, Indiana, adopt a declaratory resolution designating the area described herein as a residentially distressed area for the purposes of real property tax abatement consideration, and after publication of notice and public hearing, determine that th qualifications for a residentially distressed area have been met, and confirm such resolution. ~~~`~e C~~; ~ ~ 2pp6 J~~~ , ao"~'vaoAe ~o`'~~ G~~ ~~EFY" SO Name of Property Owner(s): By: ( ignature) (Typed or printed name and capacity) 2 ~~ ~ F~~~a ~~~ ~~ ,r; .. ~~ ~`~ 5 ~u~~ 3~tiy ~ l~-5~~~-3 X13 Key,NQ. ~ ~ "~jtl~ - ~~'~S Send tax bills to: Transfer No. (y Send Deed to: Ani Aprahamian Taxing Unit William Hoye Date o? -~ ~-~~ University of Notre Dame 2 e 203 Main Building 6 Notre Dame, IN 46556 ~QZ `~VvYC'S~' 1t1JC~ sa..~n~~nG itv ~~~1~ CORPORATE WARRANTY DEED THE UNIVERSITY OF NOTRE DAME DU LAC, an Indiana Corporation ("the Grantor"), hereby conveys and warrants to ANI APRAHAMIAN ("the Grantee"), for and in consideration of Ten Dollars ($10.00) and other good and valuable consideration, the receipt and sufficiency of which is hereby acknowledged, that certain real estate located in the City of South Bend, County of St. Joseph, State of Indiana, and legally described as follows: Lot Numbered One (1) as shown on the recorded Plat of Notre Dame Howard Street Minor Subdivision, recorded September 6, 2005 as Document Number 0540965 in the Office of the Recorder of St. Joseph County, Indiana. SUBJECT TO all covenants, restrictions, reservations, rights of way, limitations; conditions, zoning ordinances, unpaid taxes and assessments, uses, conditions, matters, agreements, easements and other provisions of record, and all subsequent recorded amendments thereto, including but not limited to provisions restricting use and sale therein contained in the record chain of title and reflected in that certain Real Property Purchase Agreement between the University of Notre Dame du Lac and Grantee dated on or about February 23, 2006. Dated: February ~, 2006. By Jams yp t Vic esident, Business Operations University of Notre Dame du Lac STATE OF INDIANA ) )SS: COUNTY OF ST. JOSEPH ) Before me, the undersigned, a Notary Public in and for said County and State, personally appeared James J. Lyphout, Vice President, Business Operations, University of Notre Dame du Lac, who: having been duly sworn under oath represented and certified: (1) he is a duly elected officer of Grantor and has been fully empowered, by proper certified by-law of the Board of Trustees of Grantor, to execute and deliver this Deed; (2) Grantor has full corporate capacity to convey the real estate described herein; (3) that all necessary corporate action for the execution ~. ~.~ i a7 .. ..! t .F~ d ~>., '{~~a 5 A~~r ~Y3 x.~a .d„rfy~'~, ~7d ~r and delivery of this Deed has been accomplished; (4) that no Indiana gross income tax is due on account of this conveyance; and (5) acknowledged the execution of the foregoing Deed for and on behalf of said Grantor on the date of its execution set forth above. ~ ~'i '~ i ~l, ~; r~ -~~~~~ ~ Ll Notary Public Signature ~_ _~i'I~~t tt~C~ l~ ~~~Ca Pri~ted_:name ~~,~~t~~~~t~irrijy~~, ;~~~ •re~de „.~•~ t. Joseph County, Indiana. ~' ~ A `~ ~ `~~ ~ l Y ~, ~~; ~or~~on Expires: ~• fr '~'~Ii i•...TI• I:\gencoun\bil Ilndave.deed 17.wpd Christina L NeO~ tJOtary PubNC Seal Stab d Indiana St Joseph CourMY ~ Cprt~misabn 06113!2012 This Deed Prepared by: William P. Hoye, Attorney at Law, University of Notre Dame, 203 Main Building, Notre Dame, IN 46556. r • ~~0 ,,~~rt i~ ~~ ~~~, ~'~~~~ ,~ 1p06 J~~ , a h7 H trJ N C~ C~F,~. ~ C` 7 t~7+7 O ~--~ CO [T1 C'1 [A ~ N w•• ~b• a ~c~a ~ c°r ~ 2 ~ .'-;e ~ m to N a 0 G" LTJ t7 t.R `C7 t~ t~ t7 O z Il'l' ~V' Lrnrn]' U' F+ Prescribed by the County Form 170 State Board of Accounts r (2005) Declaration This form is to be signed by the preparer of a document and recorded with each document in accordance with IC 36-2-7.5-5(a). I, the undersigned preparer of the attached document, in accordance with IC 36-2-7.5, do hereby affirm under the penalties of perjury: 1. I have reviewed the attached document for the purpose of identifying and, to the extent permitted by law, redacted all Social Security numbers; 2. I have redacted, to the extent permitted by law, each Social Security number in the attached document. I the undersigned, affirm under penalties of perjury, that the foregoing declarations are true. ~~~ Signature of eclarant ~.:5!~nP:~, Debra A. Guy Printed Name of Declarant ~. ~~ ~;1'w~ ti' ~a (~~j~tC~' ~~ ~'L-i~.~~-- _~ ,J~tJ _ 1 2006 ~OADE ,t Sp. F,E4tD, IN. Cll'~ CLEn~ , OveYView of Phase 1 Concept Plan Site Data Total Acres 21.12 Acres Retail: G9,9()n GS.r. Office 2G,000 G.S.F. Apartments: 70 Units Townhomcs: 42 Units Clustered Townhoma 52 Units Rowhomes: 74 Units Stacked Villas: 36 Units Total Ututs: 274 Utilts Density 12.7 du/acre +~~j ~/ n ^ ''~ ~ ~ a¢ ~ ;~ ~ ?~ L ~ R,~7 ~~ ~~ ;_~ ~~ ~~ _-1~ =- _ _~~~ uau usr nreawa:) smxY -~. ., _ ~ , % ~ __ O O s<caonuxm~rsawiais »M~, women .uwr xn s~a..wm~~>, Msc i o I( o o ti _- ~_. warto.usr euxowo: )-snwr ~ x-N-swwr,. units rmsrnooa M~ur:xmoN •' ~ -" ~ ~ ~ -eanxvMOaMtx vMr sraaxananoma.x)mexd Ih ~ G o ~~~~~~~~~_~~,,j~~~_{~~-~~~~~.,;. ~~ ~„ r .r~~ ;~"~ o i m, ox-sxxer eMOxo ~~~J~-''t~ nawuna Nxxx OMM~xWUaxrox ( ~ 1--1""'N~I iJ4aTmnr'4xuml5r x.voM x, Wx L ~ ~~ t I- ~ ~ ~~- _ _ sxxro nusrtxxo xexwronrts - max smuxrMmra 1-- 1" - ~ ~ - nUSlxMa rowxnw.rts - - _ ,,y ~, ~ 1 -l ~i-I )b sox+n: UxrRl )-ki f MM~OxdD~lUMnaxrx - - - r -%-ndx U)UNa51 ~ 1 1 nmaMO,ownnorrs )a.Faxl~. aMfnl MM.saxaro~owrases fJI.xNM Ux uMltp nusrrnso xaxrxoMrs )~n soniuasrn ~F • Mixed-Use Commercial District • 2 Residential Districts Offering Mix of Single-Family For-Sale Products --I~__I lil~~~ =~=~~ i ~-' ~-. v~< ~_ i ~ \ I • Total Site = 24 acres • Conceptual Plan Only s mus L14-sW W In unirsl MUM MxAiRa LNd1~MM)Y I I M510[N144Ibn i i~ i ~ ~ -i ~\ , \ \ ~ J J~~ ~. ~\~~~\yy